PAYE worker takes the hit for financial culprits

BY now I dare say the unions recognise the economic necessity of pay cuts as our only means of regaining competitiveness in the absence of the devaluation option.

In the private sector pay cuts are already widespread, with basic pay down by as much as 20% for many and bonuses slashed.

Public sector unions, however, are fully justified in their reluctance to sign up for a cut without any apparent counter-move against the various individuals who are clearly responsible for causing the current meltdown.